November 2011 Mortage Articles

A Special Inspector General for the U.S. government has shut down alleged mortgage relief scam programs that target financially distressed homeowners by promising mortgage payment relief in exchange for upfront payment.... Read More

Despite the recent housing bubble bust and downturn, many still aspire to be homeowners, and a recent study presented at the National Association of Realtors conference showed substantial benefits to wealth accumulation with home ownership.... Read More

Many homeowners owe more on their homes than they are worth, and are concerned about their ability to make their payments, refinance or sell their homes. The FHA Short Refi program may be the answer.... Read More

If you sell your home (and the buyer does not assume your FHA loan), or refinance your FHA mortgage during its first 36 months, a portion of your original Upfront MIP is returned to you or credited to your new upfront insurance premium. Here's how to calculate your refund.... Read More

Your Good Faith Estimate (GFE) shows everything is in order…but wait! Why are you being charged more than one years' worth of property tax and insurance premiums at the moment you buy or refinance your house?... Read More